The Future of Gensets Hydrogen, Hybrid, and Other Emerging Technologies
The genset market is expected to grow from USD 20.84 billion in 2023 to USD 31.51 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.30% during the forecast period. The market growth is primarily driven by the increasing demand for uninterrupted power supply from various industries, including healthcare, data centers, telecom, and hospitality. Additionally, the rising...
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